The financial statements of Louis Vuitton are presented in Appendix F. Instructions for accessing and using the companys complete annual report, including the notes to its financial statements, are also provided in Appendix F.

Using the notes to the companys financial statements, determine the amount of inventory (gross) before impairment.

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY EUR milions Share Revaluation reserves Net proft and other Total equity of shares capita premium shares and translation account L adjustmen ilable Hedges for sale of future financial foreign assets currency cash flows ard Employee reses Group Minority share interests Total share settled As of December 31, 2012 508,163,349 3,848 17,765 24,424 1,084 25,508 Gains and losses recognized in equity Net profit 21 3,436 Stock option plan and similar expenses 01 Acquisitionl/disposal of treasury shares and LVMH share-settled derivatives Exercise of LVMH share subscription aptions Retirement of LVMH shares 1,025,418 (1,395,106 Capital increase in subsidiaries Interim and final dividends paid 11,500 1,500 1228 1,728) Acquisition of a controlling interest in Loro Piana of consolidated entites Acquisition and disposal of minority interests' shares Purchase commitments for minority interests' shares As of December 31, 2013 176) 507,793,661 3,849 2,855 371 19,437 26,879 1,028 27,907 500 2,68 Gains and losses recognized in equity Net profit 500 2,648) 1122) (9615,648 3,267 Stock option plan and similar expenses Acquisitionl/disposal of treasury shares and LVMH share-settled derivatives Exercise of LVMH share subscription options Retirement of LVMH shares 1,062,271] 1,579 (1,579 1328 1,907) Interim and final dividends paid Distribution in kind of Herms shares. See Note 8 1.2031 5,652 6,855) 6,855 Changes inc of consolidated entities Acquisition and disposal of minority interests' shares Purchase commitments for minority interesis shares As of December 31, 2014 (2 12 507,711,713 1,240 23,003 Gains and losses recognized in equity Net profit ncome 25 3,573 4,148 Stock option plan and similar expenses 05 35 Acquisitionl/disposal of treasury shares and LVMH share-settled derivatives Exercise of LVMH share subscription options Retirement of LVMH shares 35 Interim and final dividends paid (1,659 1229 (1,888) of consolidated entities Acquisition and disposal of minority interests' shares Purchase commitments 18) 13 1198 1,460 ty interests' shares As of December 31, 2015 507,139,110 2,579 1,137 19,762 24,339 25,799